EVANSVILLE, Ind. — A development project planned in Downtown Evansville has a new name.

The residential and commercial project near the Old Post Office and Fifth Third Bank's tower is now known as Post House. The development company, Scannell Properties of Indianapolis, appeared before the City-County Site Review Committee Monday to give an update.

A construction timeline is not set for the two-building development. It includes sub-ground parking, 17,000 square feet of retail space on the ground floor and 144 apartments on upper floors.

The Post House is to receive more than $9 million from Indiana's Regional Cities program. Its prior names included Urban Living Research Center and The Market.

The Site Review Committee asked Scannell representatives Shawn Hitchcock, vice president for project management, and John Lassaux, development manager, to bring back more information about the underground parking configuration, trash pickup patterns and other details.

The project must receive approval from the Evansville Redevelopment Commission. Developers also need a commercial design release from the Indiana Department of Homeland Security.

Once all of those steps are completed, the Regional Cities funds are to be released, enabling construction to start.

Developers have not yet produced a rendering of what the development will look like. That's to come later, Scannell representatives said after the Site Review Committee meeting.

"We're excited about it; we can't be more excited about it," Hitchcock said.